Riyadh – Mubasher: Al Rashid Industrial Company has completed the sale of fractional shares and the subsequent deposit of proceeds into the accounts of eligible shareholders.
The fractional shares were generated following a capital increase approved during the extraordinary general assembly meeting held on 17 June 2026.
The company confirmed that the sale process concluded on 5 July 2026, involving a total of 35 shares. The sale generated total proceeds of SAR 1,087, achieved at an average selling price of SAR 31.08 per share.
The resulting funds were deposited into shareholder accounts on 5 July through Al Rajhi Bank. The distribution utilized bank accounts linked to investment portfolios as provided by the Securities Depository Center (Edaa).
Al Rashid Industrial has advised shareholders with inquiries to contact its investor relations department via telephone at 920028852, extension 164, or through the designated corporate email address.
The company’s shareholders approved a 50% capital increase during the Extraordinary General Meeting (EGM) held on 17 June 2026.
